Dundee Corporation Acquires Further Interest in AgriMarine Holdings Inc.

In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that its wholly owned subsidiary, Dundee Agricultural
Corporation ("DAC") has converted three convertible notes ("Notes") to acquire
102,490,753 common shares ("Shares") of AgriMarine Holdings Inc. ("AgriMarine").


The Notes, which have an aggregate principal value of $18,529,032.88 and
aggregate accrued and unpaid interest of $2,233,989.40, were issued to DAC in
connection with a series of loans advanced to AgriMarine in 2013. Pursuant to
the terms of the Notes, the average conversion price for Shares issued upon
conversion of the Notes is approximately $0.2025 per Share.


When aggregated with Dundee's existing position, Dundee now owns or controls
103,709,086 Shares representing an approximate 94.53% interest in AgriMarine. 


The position in AgriMarine was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light of
investment criteria, market conditions and other factors and in accordance with
the provisions of applicable securities legislation.


ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665


Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157

Dundee (TSX:DC.A)
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